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2 edition of Exchange-rate regime selection in theory and practice found in the catalog.

Exchange-rate regime selection in theory and practice

Gordon Weil

Exchange-rate regime selection in theory and practice

by Gordon Weil

  • 115 Want to read
  • 7 Currently reading

Published by New York University, Graduate School of Business Administration in [New York] .
Written in English

    Subjects:
  • Foreign exchange.

  • Edition Notes

    Statementby Gordon Weil.
    SeriesMonograph series in finance and economics -- 1983-2., Monograph series in finance and economics -- monograph 1983-2.
    The Physical Object
    Pagination75 p. ;
    Number of Pages75
    ID Numbers
    Open LibraryOL14246940M

    Faced with the serious drawbacks of this regime, particularly in the price fixing, it soon became apparent that a reform of the exchange rate regime is required. This scheme has evolved as follows: A. Monetary Reform February A single exchange rate was set at BIF for 1 Belgian franc on Febru ―Choosing an Exchange Rate Regime‖ for The Handbook of Exchange Rates (John Wiley) edited by Jessica James, Ian W. Marsh and Lucio Sarno The single most important aspect of an exchange rate regime is the degree of flexibility. The matter is of course more complicated than a simple choice between fixed exchange rate and floating.

    Convertibility and the Exchange-Rate Regime in Poland Summary Since the beginning of the s the Polish authorities have made a tremendous effort at modernizing the monetary system and the exchange-rate regime in order to set up an exchange-rate regime able to meet the challenge of a market economy. 4 South Africa is in this comparison classified as having a floating exchange rate, whereas the other members of the CMA are classified as being in an exchange rate union. 5 The classical texts being Mundell (), McKinnon () and Kenen (). 2 The term “flexible exchange rate regime” is in this paper meant to cover what the IMF classifies as either .

    Review of exchange rate theories in four leading economics textbooks Paper presented at the 20th FFM Conference in Berlin Jan Priewe The theoretical background for this exercise is the fact that exchange rate theory is one of the weakest The bulky book deals with exchange rate theories on pages, almost 30% of the book. File Size: KB. transparency of the undertaken exchange rate policy and make effective tracking, surveillance and analysis of the exchange rate regime evolution and performance for research and policy implications difficult and perhaps less accurate or r, exchange rate regimes often differed from those that had been : Mustapha Ziky, Aleksander Berentsen, Mariam Ouchen.


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Exchange-rate regime selection in theory and practice by Gordon Weil Download PDF EPUB FB2

Exchange-rate regime selection in theory and practice. New York (90 Trinity Place, New York ): Salomon Brothers Center for the Study of Financial Institutions, Graduate School of Business Administration, New York University, [] (OCoLC) Document Type: Book: All Authors / Contributors: Gordon Weil.

Get this from a library. Exchange-rate regime selection in theory and practice. [Gordon Weil; Salomon Brothers Center for the Study of Financial Institutions.]. An empirical study of exchange rate regimes based on data compiled from member countries of the International Monetary Fund over the past thirty years.

Few topics in international economics are as controversial as the choice of an exchange rate regime. Since the breakdown of the Bretton Woods system in the early s, countries have adopted a wide variety of. This PDF is a selection from an out-of-print volume from the National Bureau of Economic Research Since the task of exchange rate theory is to explain be- havior observed in the real world, the essay begins (in sec.

) with a variables under a flexible exchange rate regime in which the authorities doCited by: Debates on the appropriate exchange rate regime for a country are perennially lively.

In the s, a new set of considerations came to the fore, particularly the role played by international capital flows and domestic financial systems in determining the performance of Cited by: Exchange rate theory and practice has long been an area of confusion.

Ghosh, Gulde, and Wolf have illuminated the issues by taking a hard look at the empirical evidence, with interesting and surprising results. I hope that their work will help to stimulate a rethinking of the broader question of an appropriate international exchange rate by: Bank Management and Portfolio Behavior.

This book covers Exchange-rate regime selection in theory and practice book following topics: Models of Bank Portfolio Behavior, Estimation of the Models: Problems and Techniques, Data Resources, Sample Selection, and the Profile of a Typical Observation, Estimates for the Input-Output Model from a Sample of Commercial Banks, Estimates for the Input-Output Model from a Sample of Mutual.

Exchange rate regimes for emerging market economies single exchange rate regime will be the most appropriate for all countries, nor for any country all of This article presents the selection criteria for an exchange rate regime and discusses the role of the regime in the wider policy framework.

After considering issues pertinent. The exchange rate between two currencies may be determined in international foreign exchange markets or in a government office.

If an exchange rate — say, the yen–dollar rate — is determined in international foreign exchange markets based on the demand for and supply of the yen, then the markets determine the exchange rate. This situation [ ]. workingpaper department ofeconomics THETHEORYOFFLEXIBLEEXCHANGERATEREGIMES ANDMACROECONOMICPOLICY RudigerDorabusch Number September Massachusetts instituteof.

The Political Economy of Exchange Rate Regimes In this section I develop a simple theoretical framework for analyzing the selection of an exchange rate regime. The analysis relies on the existence of a trade-off between “credibility” and “flexibility” and assumes that a pegged.

A 'read' is counted each time someone views a publication summary (such as the title, abstract, and list of authors), clicks on a figure, or views or downloads the full-text. The issue of the appropriate exchange rate regime for a country has been perenni-ally lively, with a new set of considerations coming to the fore in the s.

The role played by international capital flows and domestic financial systems in determining the performance of exchange rate regimes has gained prominence in the policy debateFile Size: KB. country’s choice of its exchange rate regime. I begin with a critical review of Klein and Shambaugh’s () book Exchange Rate Regimes in the Modern Era, and then proceed to provide an alternative overview of what the economics professions knows and needs to know about exchange rate regimes.

The Exchange Rate Regime and Economic Policy in Theory and in Practice DOUGLAS D. PURVI S*/Department of Economics, Queen's University This essay examines the recent rekindling of interest in fixed exchange rate systems.

Throughout, emphasis is on expositing possible policy implications, both for restruc. An exchange rate regime is the way a monetary authority of a country or currency union manages the currency in relation to other currencies and the foreign exchange is closely related to monetary policy and the two are generally dependent on many of the same factors, such as economic scale and openness, inflation rate, elasticity of the labor market, financial market.

development are important determinant while choosing appropriate exchange-rate regime for economy having features like Pakistan. On the basis of analysis, this study suggests that bothAuthor: Muhammad Naveed Tahir.

Exchange rate regime option determiners include older (traditional) and later (contemporary) approaches. The analysis of different variables affecting the exchange rate regime confirms the attitude that international environments and characteristics of the relevant coun-try determine the appropriate selection.

The exchange rate regime option deter. We evaluate and qualify Friedman's,“case for flexible exchange rates” in the presence of sticky prices in a two country model. We find that a flexible regime performs indeed better when the degree of nominal price rigidity is high while a bilateral peg does better when prices are fairly flexible.

This result obtains independent of whether monetary policy is Cited by: 8. This volume grew out of a National Bureau of Economic Research conference on exchange rates held in Bellagio, Italy, in In it, the world's most respected international monetary economists discuss three significant new views on the economics of exchange rates - Rudiger Dornbusch's overshooting model, Jacob Frenkel's and Michael Mussa's asset market.

International Monetary Fund WP/03/ IMF Working Paper Research Department Evolution and Performance of Exchange Rate Regimes 1 Prepared by Kenneth S. Rogoff, Aasim M.

Husain, Ashoka Mody, Robin Brooks, and Nienke Oomes Authorized for distribution by Raghuram Rajan December Abstract This Working Paper should not be reported as .Few topics in international economics are as controversial as the choice of an exchange rate regime.

Since the breakdown of the Bretton Woods system in the early s, countries have adopted a wide variety of regimes, ranging from pure floats at one extreme to currency boards and dollarization at the other.

While a vast theoretical literature explores the choice and .Exchange rates and exchange rate regimes in a constantly changing economy have always attracted much attention from scholars. However, there has not been a consensus on the effect of exchange rate on economic growth. To determine the direction and magnitude of the impact of an exchange rate regime on economic growth, this study uses the exchange rate database Author: Dao Thi-Thieu Ha, Nga Thi Hoang.